# Gold Dip.... Call the Bottom **URL:** \ **Category:** Misc. Discussion\ **Created:** [March 13, 2015, 8:34pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756 "2015-03-13T20:34:10Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![jmckenna1](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jmckenna1/32/719_2.png) [@jmckenna1](https://forum.nachi.org/u/jmckenna1)\ **Post date:** [March 13, 2015, 8:34pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/1 "2015-03-13T20:34:10Z")
Gold Dip… can someone call the bottom? [![](https://www.kitco.com/LFgif/au0182nys.gif) ](https://www.kitco.com/LFgif/au0182nys.gif) ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 8:38pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/2 "2015-03-13T20:38:50Z")
That chart isn’t a real reflection of something happening to gold. What you’re seeing is the U.S. dollar gaining strength relative to other currencies. Proof: Gold is way up this year in Euros (see attached PIC). ![gold-in-euros.png](https://global.discourse-cdn.com/internachi/original/3X/f/f/ff8b170996afe1bcc82bfdf31bf88a2698905ad5.png) ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 13, 2015, 8:48pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/3 "2015-03-13T20:48:20Z")
$775 ---
**Author:** ![jmckenna1](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jmckenna1/32/719_2.png) [@jmckenna1](https://forum.nachi.org/u/jmckenna1)\ **Post date:** [March 13, 2015, 8:48pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/4 "2015-03-13T20:48:54Z")
> [@gromicko](#): > > That chart isn’t a real reflection of something happening to gold. What you’re seeing is the U.S. dollar gaining strength relative to other currencies. Proof: Gold is way up this year in Euros (see attached PIC). I understand what your saying. I agree. But, when you see it… call out the bottom for us. Thanks. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 13, 2015, 8:53pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/5 "2015-03-13T20:53:40Z")
> [@gromicko](#): > > That chart isn’t a real reflection of something happening to gold. What you’re seeing is the U.S. dollar gaining strength relative to other currencies. Proof: Gold is way up this year in Euros (see attached PIC). Well that is pretty meaningless. Do you buy your Gold with Euros? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 9:29pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/6 "2015-03-13T21:29:51Z")
It doesn’t matter because John’s chart is not a reflection of a change in gold’s value. It’s a reflection of change in relative currency strength. Otherwise, today, we could buy gold with dollars and sell it for Euros and get rich. We can’t. If gold was down like oil is, it would be down in any currency you looked at it in. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 13, 2015, 9:46pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/7 "2015-03-13T21:46:42Z")
> [@gromicko](#): > > It doesn’t matter because **John’s chart is not a reflection of a change in gold’s value.** It’s a reflection of change in relative currency strength. Otherwise, today, we could buy gold with dollars and sell it for Euros and get rich. We can’t. > > If gold was down like oil is, it would be down in any currency you looked at it in. Uh huh:roll: ![gold_10_year_o_b_usd.png](https://global.discourse-cdn.com/internachi/original/2X/2/2bb1b4fcfb46a109a023b45ff4ed8c4fc3cc20fc.png)USD ![gold_10_year_o_b_eur.png](https://global.discourse-cdn.com/internachi/original/2X/7/7c26e39740fc475bffca19d1f5017ac8b09ef52d.png)EUR ![gold_10_year_o_b_cad.png](https://global.discourse-cdn.com/internachi/original/2X/e/e92bf08465aac15de5773824e3ca8ed0dd54989b.png)CAD ![gold.png](https://global.discourse-cdn.com/internachi/original/3X/7/6/7642a9f848a34145ba64f05bc57883487e31b808.png) ![gold_10_year_o_b_eur.png](https://global.discourse-cdn.com/internachi/original/2X/7/7c26e39740fc475bffca19d1f5017ac8b09ef52d.png) ![gold.png](https://global.discourse-cdn.com/internachi/original/3X/f/6/f61fec978b9737420fea7ee91b51e0d5d3dd662a.png) ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 9:49pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/8 "2015-03-13T21:49:56Z")
There ya go. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 13, 2015, 10:05pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/9 "2015-03-13T22:05:29Z")
> [@gromicko](#): > > There ya go. Yep Gold is well off the peak for every currency listed. BS is BS So gold is indeed deflating. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 10:11pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/10 "2015-03-13T22:11:39Z")
> [@](#): > > Yep Gold is well off the peak for every currency listed. LOL. EVERYTHING is off its peak ALWAYS… except for the split second it hits its peak. This is true for everything at all times. Hm. Let me try to explain it another way without using paper currency. Let’s use a hard asset (like gold is, only not gold) that home inspectors are familiar with. Let’s use homes. Did the price of the average home in the U.S. go up or down since the year 1900? This should be a very easy question to answer. They’ve gone up a lot since the year 1900… right? You have to agree with my premise that home values have gone way up since the year 1900 for me to continue with the explanation. Do you agree with my premise first? ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 13, 2015, 10:14pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/11 "2015-03-13T22:14:20Z")
> [@gromicko](#): > > LOL. EVERYTHING is off its peak ALWAYS… except for the split second it hits its peak. This is true for everything at all times. > > Hm. Let me try to explain it another way without using paper currency. Let’s use a hard asset (like gold is, only not gold) that home inspectors are familiar with. Let’s use homes. Did the price of the average home in the U.S. go up or down since 1890? And going down further. What is your prediction nick? ---
**Author:** ![rwells4](https://avatars.discourse-cdn.com/v4/letter/r/e274bd/32.png) [@rwells4](https://forum.nachi.org/u/rwells4)\ **Post date:** [March 13, 2015, 10:24pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/12 "2015-03-13T22:24:27Z")
> [@gromicko](#): > > It doesn’t matter because John’s chart is not a reflection of a change in gold’s value. It’s a reflection of change in relative currency strength. Otherwise, today, we could buy gold with dollars and sell it for Euros and get rich. We can’t. > > If gold was down like oil is, it would be down in any currency you looked at it in. Correct. As an example in Canadian $ it is down only 2.6% over past 12 months. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 10:28pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/13 "2015-03-13T22:28:59Z")
So Michael, for me to finish the explanation, you’d have to agree with my premise that homes have gone way up in value since the year 1900. Do you agree or disagree? ---
**Author:** ![rwells4](https://avatars.discourse-cdn.com/v4/letter/r/e274bd/32.png) [@rwells4](https://forum.nachi.org/u/rwells4)\ **Post date:** [March 13, 2015, 10:31pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/14 "2015-03-13T22:31:48Z")
> [@mlarson](#): > > Yep Gold is well off the peak for every currency listed. Correct. What is interesting is the peak is actually not the same day, again currency value. All time peak in USD was Aug 22, 2011 at $1889.70. All time peak in CAD was Aug 26, 2011 at $1764.77. Not many days off, but not the same day. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 10:34pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/15 "2015-03-13T22:34:14Z")
With the exception of the split second something hits its peak… EVERYTHING in the world is in a constant state of being “off its peak” at all times. To say something is “off its peak” is to point out something that is always true. It’s like saying the earth is round. Or that gold is off it’s bottom. It’s always off its bottom. ---
**Author:** ![rwells4](https://avatars.discourse-cdn.com/v4/letter/r/e274bd/32.png) [@rwells4](https://forum.nachi.org/u/rwells4)\ **Post date:** [March 13, 2015, 10:36pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/16 "2015-03-13T22:36:01Z")
> [@gromicko](#): > > So Michael, for me to finish the explanation, you’d have to agree with my premise that homes have gone way up in value since the year 1900. Do you agree or disagree? Well according to this, when adjusted for inflation, not as much as one might think. Having said that, the prices and the ranges would vary considerably from one area to another I would think. I am not sure if this is based on average or the full details. ![home prices inflation.jpg](https://global.discourse-cdn.com/internachi/original/3X/f/6/f645d230d8e7240fb2281f5c7a36b1f378cd08cf.jpeg) ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 13, 2015, 10:36pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/17 "2015-03-13T22:36:38Z")
You’re getting close Robin. So Michael, for me to finish the explanation, you’d have to agree with my premise that homes have gone up in value since the year 1900. Do you agree or disagree? I’m using homes for my explanation because they are a hard asset like gold is, and they are something home inspectors can get their head around as opposed to foreign currencies. ---
**Author:** ![mgoldenberg](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mgoldenberg/32/89265_2.png) [@mgoldenberg](https://forum.nachi.org/u/mgoldenberg)\ **Post date:** [March 13, 2015, 11:52pm UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/18 "2015-03-13T23:52:07Z")
870 As long as it’s above 632 I’m OK. 😃 ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [March 14, 2015, 1:33am UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/19 "2015-03-14T01:33:51Z")
> [@gromicko](#): > > So Michael, for me to finish the explanation, you’d have to agree with my premise that homes have gone way up in value since the year 1900. Do you agree or disagree? Apples an oranges nick. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [March 14, 2015, 5:29am UTC](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756/20 "2015-03-14T05:29:01Z")
I’m going to use gold in the explanation, once you agree that home values have increased since the year 1900. [Next page](https://forum.nachi.org/t/gold-dip-call-the-bottom/94756.md?page=2)